Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28. Reinstating borrowing capabilities on Prisma hinges upon achieving consensus through an ongoing community vote. Prisma Finance Exploited for $10 Million: Recovery Efforts and…
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Bitcoin Price Prediction In the wake of Bitcoin (BTC/USD) rebounding from a crucial $65,000 support level, the market is buzzing with speculation about its next move. With BTC surpassing the $69,000 threshold amid preparations for the imminent halving event, investors are keenly assessing the potential impact on its value. This analysis delves into the factors…
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Coinbase International Exchange has announced that it plans to list Worldcoin and Ordinals perpetual futures products on April 11. Coinbase exchange provides institutional clients with access to over 30 perpetual futures and spot markets and will add the perpetual futures, also known as perpetual swaps a type of derivative contracts. The Ordinals perpetual futures will…
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Payments giant PayPal is bringing its native stablecoin PYUSD to fund cross-border money transfers with zero transaction fees. The Silicon Valley-based company announced the new feature on Thursday, powered by its money transfer platform Xoom. Per the release, the service will be available to US users starting April 4. The feature enables users to convert…
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The team behind the Ethereum non-fungible token (NFT) collectible series Doodles revealed on Thursday its intention to debut an animated movie accompanied by music in the summer of 2024. The project shared that the film will showcase a soundtrack inclusive of three videos and voiceovers from Pharrell Williams, Dwayne ‘Lil Wayne’ Carter, and Coi Leray.…
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Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds in American history. But while this…
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Irina Dilkinska, former atty of the infamous OneCoin cryptocurrency scam, was sentenced to 4 years in jail on Wednesday. Dilkinska pled guilty last year for her role in helping launder $4 billion crypto fraud scheme in 2019. The co-conspirator has become the latest to receive a prison term in the multibillion-dollar crypto pyramid scheme. The…
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In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024. Binance NFT Marketplace to End Ordinal…
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Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani, said in an interview with the Wall Street Journal, Bitcoin is not considered an investment asset class, adding “we’re not believers in crypto.” Wall Street has been coming round to the idea of cryptocurrency as an asset class with many traditional financial institutions such as BlackRock and Fidelity…
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Origin Protocol token holders have voted to merge the protocol’s lesser known token Origin DeFi Governance “OGV” with its native decentralized finance (DeFi) Ethereum token OGN. The OGN protocol is backed by Reddit co-founder and VC investor Alexis Ohanian, Taiwanese-born American YouTube co-founder Steve Chen, and Y Combinator president Garry Tan. In an announcement, Origin…
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